Reducing Costs and Increasing Management Efficiency in Healthcare? With ‘Tracking Assets,’ It’s Possible

Let’s start with an obvious consideration: real-time localization of assets, via PC or smartphone, saves time, makes healthcare personnel operations more effective, simplifies and speeds up processes, and ensures certified tracking of equipment maintenance activities.

Simple and therefore universal? Not quite…

Currently, statistics indicate that the rate of “untraceable” devices in hospitals and nursing homes is estimated at around 10-15% of the total. It’s intuitive to understand how reducing this rate can lead to significant savings in both proper usage and turnover of equipment and overall efficiency of the facility.

Identifying machinery undergoing maintenance, for example, can save considerable time often spent searching for it within the facility. Historical movement data also helps identify potential issues related to extraordinary maintenance connected to the use of the machinery itself.

These may seem like trivial matters, but in complex facilities, efficiency often comes from conceptually simple solutions that are technically intricate. TapMyLife earned the prestigious Seal of Excellence from the European Commission in 2017 precisely for addressing these aspects.

The Tracking Assets solution from TapMyLife’s platform allows for a 70% reduction in costs compared to RFID management (lower cost of portals, replaced by antennas) and better performance regarding material interference (with more efficient active tags even in the presence of metal and liquids). We’re talking about significant resources—money that circulates again thanks to improved efficiency—but that’s not all: collecting movement data enables business intelligence actions for rationalizing usage or for purchasing devices (e.g., usage indices, movement indices, time spent in departments, etc.).

This step forward can make healthcare more sustainable by focusing investments increasingly on medical and care excellence.